Transcontainer has set the IPO parameters

Russian Railroads Co. has specified the amount of Transcontainer's IPO: 20% of the company's shares is to be offered to investors on RTS and MICEX. Earlier it was reported that the railway monopoly plans to sell up to 34% in the company in an IPO and retain a controlling interest in Transcontainer. EBRD and funds GLG Emerging Markets Funds and Moore Capital Management acquired 15% in Transcontainer in a recent private placement.